Live Earnings Conference Call: Amgen will host a live Q2 2026 earnings call on August 4, 2026 at 4:30PM ET. Get details.

Amgen (AMGN) Stock Forecast & Price Target

Q: What analysts cover Amgen?

Amgen has been rated by research analysts at Argus , Barclays , BMO Capital Markets , Cantor Fitzgerald , Daiwa Securities Group , Freedom Capital , Guggenheim , Mizuho , Morgan Stanley , Piper Sandler , Royal Bank Of Canada , The Goldman Sachs Group , Truist Financial , UBS Group , and Weiss Ratings in the past 90 days.

$387.26 +8.39 (+2.21%)

As of 01:21 PM Eastern

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Amgen - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 30 Analyst Ratings

Sell
2

Hold
15

Buy
13

Based on 30 Wall Street analysts who have issued ratings for Amgen in the last 12 months, the stock has a consensus rating of "Hold." Out of the 30 analysts, 2 have given a sell rating, 15 have given a hold rating, 11 have given a buy rating, and 2 have given a strong buy rating for AMGN.

Consensus Price Target

$357.00
-7.81% Downside

According to the 30 analysts' twelve-month price targets for Amgen, the average price target is $357.00. The highest price target for AMGN is $427.00, while the lowest price target for AMGN is $200.00. The average price target represents a forecasted downside of -7.81% from the current price of $387.26.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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AMGN Analyst Ratings Over Time

Type	Current Forecast 8/4/25 to 8/4/26	1 Month Ago 7/5/25 to 7/5/26	3 Months Ago 5/6/25 to 5/6/26	1 Year Ago 8/4/24 to 8/4/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	13 Buy rating(s)	7 Buy rating(s)
Hold	15 Hold rating(s)	15 Hold rating(s)	15 Hold rating(s)	12 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$357.00	$355.50	$357.12	$307.14
Forecasted Upside	-7.81% Downside	-4.98% Downside	7.85% Upside	1.72% Upside
Consensus Rating	Hold	Hold	Hold	Hold

AMGN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AMGN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Amgen Stock vs. The Competition

Type	Amgen	Healthcare Companies	Broader Market
Consensus Rating Score	2.43	2.31	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-5.77% Downside	926.60% Upside	12.64% Upside
News Sentiment Rating	Positive News See Recent AMGN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/29/2026	Barclays 3 of 5 stars	Emily Field Not Rated	Boost Target	Equal Weight	$350.00 ➝ $360.00	-8.42%
7/15/2026	Weiss Ratings 5 of 5 stars		Downgrade	Buy (B) ➝ Buy (B-)
7/13/2026	UBS Group 4 of 5 stars	Michael Yee Not Rated	Boost Target	Buy	$400.00 ➝ $420.00	+17.07%
7/13/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vamil Divan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$340.00 ➝ $343.00	-5.61%
7/8/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Terence Flynn Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$340.00 ➝ $333.00	-9.29%
7/7/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregory Renza Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$327.00 ➝ $340.00	-7.22%
7/6/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Carter Gould Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$350.00	-6.45%
7/1/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$400.00	+10.40%
6/18/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Positive
6/16/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Salim Syed Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$295.00 ➝ $303.00	-13.56%
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6/12/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Amsellem Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight
6/5/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$389.00	+9.79%
5/20/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$400.00 ➝ $375.00	+13.61%
5/13/2026	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$410.00 ➝ $390.00	+17.59%
5/7/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
5/5/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
4/20/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gary Nachman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Hold	$366.00	+4.52%
3/19/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Equal Weight	$375.00 ➝ $390.00	+10.96%
3/10/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Akash Tewari Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy ➝ Hold	$350.00	-7.15%
3/5/2026	Leerink Partners Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Risinger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Market Perform	$355.00	-3.43%
2/18/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sell	$180.00 ➝ $200.00	-46.43%
2/5/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$285.00 ➝ $295.00	-19.79%
2/4/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
2/4/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Geoff Meacham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$315.00 ➝ $345.00	+1.89%
1/29/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Outperform	$400.00	+16.15%
1/20/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Courtney Breen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$335.00	+1.93%
12/10/2025	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$425.00	+35.42%
11/13/2025	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Sector Outperform	$385.00	+14.49%
11/10/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$335.00 ➝ $364.00	+13.68%
9/26/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tim Anderson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underperform	$261.00 ➝ $272.00	+0.05%
9/3/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gary Nachman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Market Perform
6/24/2025	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
3/5/2025	Johnson Rice Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$294.00	-10.47%
11/15/2024	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alexandria Hammond Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Peer Perform
9/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Underperform	$215.00 ➝ $215.00	-31.92%
9/16/2024	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	N. Chen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:21 PM ET.

Should I Buy Amgen Stock? AMGN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 28, 2026. Please send any questions or comments about these Amgen pros and cons to contact@marketbeat.com.

Amgen
Bull Case

Here are some ways that investors could benefit from investing in Amgen Inc.:

Amgen Inc. is projected to post earnings per share of 22.31 for the current fiscal year, indicating strong profitability potential.
The current stock price is around $323.73, which may present a favorable entry point for investors looking to capitalize on potential growth.
Amgen Inc. has a robust portfolio of biologic medicines that address serious illnesses, which positions the company well in the biotechnology sector.
Recent insider transactions show that company executives are actively managing their holdings, which can signal confidence in the company's future performance.
With a focus on translating advances in human genetics and protein science into therapies, Amgen Inc. is at the forefront of innovation in the biotechnology field.

Amgen
Bear Case

Investors should be bearish about investing in Amgen Inc. for these reasons:

Insider ownership is relatively low at 0.85%, which may indicate a lack of alignment between management and shareholder interests.
Recent insider sales, such as the 1,237 shares sold by SVP Nancy A. Grygiel, could raise concerns about the company's short-term outlook.
Amgen Inc. operates in a highly competitive biotechnology market, which can lead to volatility in stock performance and potential challenges in maintaining market share.
Market conditions can impact the demand for Amgen's products, particularly in sectors like oncology and cardiovascular disease, which are subject to regulatory changes.
Investors may face risks associated with the development timelines of new therapies, as delays can affect revenue projections and stock performance.

AMGN Forecast - Frequently Asked Questions

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Amgen is $357.00, with a high forecast of $427.00 and a low forecast of $200.00.

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 2 sell ratings, 15 hold ratings, 11 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AMGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMGN, but not buy additional shares or sell existing shares.

According to analysts, Amgen's stock has a predicted downside of -7.81% based on their 12-month stock forecasts.

Over the previous 90 days, Amgen's stock had 1 upgrade and 1 downgrade by analysts.

Amgen has been rated by research analysts at Argus, Barclays, BMO Capital Markets, Cantor Fitzgerald, Daiwa Securities Group, Freedom Capital, Guggenheim, Mizuho, Morgan Stanley, Piper Sandler, Royal Bank Of Canada, The Goldman Sachs Group, Truist Financial, UBS Group, and Weiss Ratings in the past 90 days.

Analysts like Amgen more than other "healthcare" companies. The consensus rating score for Amgen is 2.43 while the average consensus rating score for "healthcare" companies is 2.31. Learn more on how AMGN compares to other companies.

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This page (NASDAQ:AMGN) was last updated on 8/4/2026 by MarketBeat.com Staff.

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Amgen (AMGN) Stock Forecast & Price Target